Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lang/Akins Dr Portland, TX 78374
    Property profile & analytics

    Lang/Akins Dr, Portland, TX 78374

    View on Map
    • Industrial properties
    • 2.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for Lang/Akins Dr

    Year built
    1984
    Lot size
    2.90 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 2.9-acre commercial property presents a prime development opportunity in Portland, Texas. Located at 0 Lang/Akins Drive, this unimproved corner lot boasts significant frontage—approximately 424 feet on Lang Drive and approximately 298 feet on Akins Drive. Its C-R (Retail Commercial District) zoning allows for a wide range of development possibilities, making it ideal for entrepreneurs and investors seeking high-return potential. The property's strategic location, just two miles from the Exxon plant, ensures high visibility and accessibility. The surrounding area is experiencing substantial residential growth, with over 300 new single-family homes recently built, currently under construction, or planned. Further enhancing its appeal is a nearby 60-unit senior housing facility, creating a strong and diverse demographic base. This translates to a robust potential customer base for retail establishments or service-oriented businesses. The property's size and location make it particularly well-suited for a small strip center or a gas station, catering to the needs of the burgeoning residential community and the nearby industrial workforce. This is a rare opportunity to acquire a sizable, strategically located parcel in a rapidly expanding market. Act quickly to secure this exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.3121
    Latitude
    27.8925

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      140 Doyle Dr

      Industrial properties
      140 Doyle Dr, Portland, TX 78374
      View Details
    • Value Estimation by Request
      230.65 Acres

      2800 La Quinta Rd

      INDUSTRIAL (GENERAL)
      2800 La Quinta Rd, Portland, TX 78374-1228
      View Details
    • Value Estimation by Request
      96.17 Acres

      Fm 893

      Land
      0 Fm 893, Portland, TX 78374
      View Details
    • Value Estimation by Request
      9,000 SF

      1025 Us-181

      Office Units
      1025 Us-181, Portland, TX 78374
      View Details
    • Value Estimation by Request
      98.30 Acres

      Portland, TX 78374

      INDUSTRIAL (GENERAL)
      Portland, TX 78374
      View Details
    • Value Estimation by Request
      0.09 Acres

      Hwy 181

      INDUSTRIAL (GENERAL)
      Hwy 181, Portland, TX 78374
      View Details

    Similar Nearby for Sale

    • $560,000
      5,120 SF

      Turnkey Auto Shop Portland, TX

      High-traffic location, fully equipped.
      714 Moore Ave, Portland, TX 78374
      View Details
    • $800,000
      10.00 Acres

      Portland Industrial Land - 10 Acres

      Prime Portland location, 10 acres, build-to-suit.
      4735 Wildcat Dr, Portland, TX 78374
      View Details
    • $6,500,000
      152.55 Acres

      Portland TX Land For Sale

      152.55 acre site near major transportation routes.
      1906 Lot Pt W, Portland, TX 78374
      View Details
    • $65,000
      0.22 Acres

      Residential Lot in Portland, TX

      Residential lot available for building a dream home.
      1000 Bluff Dr, Portland, TX 78374
      View Details
    • $68,000
      0.98 Acres

      Vacant Lot Near Town

      Vacant lot near town with room to build dream home.
      4317 Kestrel, Portland, TX 78374
      View Details

    Similar Nearby for Lease

    • $2,550 /Mo
      3,000 SF

      Highway Warehouse in Portland, Texas

      3000 SF warehouse space on the highway in Portland.
      1025 Us Highway 181, Portland, TX 78374
      View Details
    • Contact for pricing

      Prime Retail Pad Site Available

      Ground lease or build-to-suit opportunity in growing Portland, Texas.
      Buddy Ganem Dr, Portland, TX 78374
      View Details
    • Contact for pricing

      Retail Opportunity in Portland Area

      Retail space available in a high-traffic Portland location.
      1702 Us Highway 181, Portland, TX 78374
      View Details
    • Contact for pricing

      Retail Space on Highway 181

      Exceptional retail development opportunity for lease in Portland, Texas.
      1001 S 181, Portland, TX 78374
      View Details
    • Contact for pricing

      Highway Frontage Retail Space Available

      Retail space with excellent highway frontage and visibility.
      1006-1018 Us Highway 181 W, Portland, TX 78374
      View Details
    • $1,650 /Mo
      960 SF

      Portland Commercial Space For Rent

      One-story commercial building with easy access and multiple use possibilities.
      906 Dallas St, Portland, TX 78374
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Lang/Akins Dr
    Portland, TX 78374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lang/Akins Dr, Portland, TX, 78374
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!